Ooma, Inc. (NYSE:OOMA) CFO Sells $547,704.63 in Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 35,313 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $15.51, for a total transaction of $547,704.63. Following the sale, the chief financial officer now directly owns 165,301 shares of the company’s stock, valued at approximately $2,563,818.51. This trade represents a 17.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Ooma Price Performance

Ooma stock opened at $14.63 on Friday. The company has a market capitalization of $395.01 million, a PE ratio of -39.54 and a beta of 0.94. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $13.30 and a two-hundred day moving average price of $10.93. Ooma, Inc. has a 12 month low of $6.50 and a 12 month high of $17.00.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OOMA. Lake Street Capital raised their target price on Ooma from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Northland Securities raised their price objective on Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. JMP Securities restated a “market perform” rating on shares of Ooma in a research note on Wednesday, August 28th. Finally, Benchmark upped their price objective on shares of Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ooma currently has a consensus rating of “Buy” and an average target price of $16.60.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OOMA. Virtus Investment Advisers Inc. bought a new stake in Ooma during the 3rd quarter worth approximately $98,000. Bailard Inc. acquired a new position in shares of Ooma during the second quarter worth $108,000. SG Americas Securities LLC bought a new stake in shares of Ooma in the third quarter worth $115,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ooma in the second quarter worth $119,000. Finally, Paloma Partners Management Co bought a new position in Ooma during the 3rd quarter worth $126,000. Institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.